Thursday, June 7, 2018

ZTE agrees to $1 billion fines, replaces board of directors, to continue US operations

After the U.S. Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. Earlier this month, Trump announced he wanted to help ZTE, as part of negotiating a trade deal with China.

The President said the company would have to pay a $1.3 billion fine and change management for the ban to be lifted, and a few days ago, ZTE reportedly reached an agreement with the Department of Commerce.

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ZTE agrees to $1 billion fines, replaces board of directors, to continue US operations was written by the awesome team at Android Police.



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